B N a N PROPERTY TAX BILL CALCULATION . The property taxes generated from a residential property with a Market Value of $100,000 is $5,947.02 using the new year tax rate of 20.049 per $100 of Equalized Assessed Valuation . Last Year tax rate of 22.178 per $100 of Equalized Assessed Valuation would have generated $6,570.67 These are the steps to calculate your Property Tax Bill . The Assessor’s Market Value of $100,000 X Assessment Percentage .10 = $10,000 . Assessed Valuation of $10,000 X State Equalization Factor 2.9627= $29,627 . Equalized Assessed Valuation $29,627 x Village Tax Rate of 20.049 per $100 of Equalized Assessed Valuation = $5,939.92 . Next Year Property Tax Bill will be $5,939.92 without Exemptions . Using Last year’s Tax Rate of 22.178 per $100 of Equalized Assessed Valuation the Property Tax Bill would have been $6,570.67 . Using Last Year’s State Equalized Factor of 2.8032 with a Tax Rate of 22.178 per $100 of Equalized Assessed Valuation the Property Tax Bill would have been $6,216.94 . These calculation does not include Exemptions“uoppejn2ye> ta xe. snOA se oures oxp 30u S| ANBT XE SUL ‘sdujueou juavoyp aney ovey xed up ple Ano] XE 4 “Aaa Xe. £107 948 Lopun QOY'ZS- 40940 40 aBEaIDEP e Sey AADT xe4 2OY1H05 1400 BTOZ AML ‘peonpod aq 30u weo pus Apms jeyeNt>y Ue uo paseq s| Bseas2U} a4 “ANsT KEL LTOZ 94A 40NO aSeO:2U $99'RYZS 30 6 E SEY ANTI xeL,UOYSWIDd Oud GTOZ SUL -Apmags jepensoy we uo poseq s] Ana] xe, OU ‘AAD] xe4,ZT0Z 917 49PuN B5EaI20P TER'LPTS- 10 %40'P- © SEY AND] NEL UOIsUA BOHOd BTOZ AHL “Avo xeL £T0Z 848 19NO oseas>U) ODS'L9S 40 XB E SEY Andy Ne UONESIDAY STOZ OM “Axa XEL £107 249 1900 e5EO:2U BTO'EZ9S 40 M65 E SEY ANDT xEy_ateIOKLED BTOZ UL ‘ayeqsg Jeo wos anuiansa yo gunowe paysanbou ayy 5] Andy xe] SUL ooo'zsc2 $$ ooozsc2 = $ «(ooo S oov‘vse'zs ‘aolnas 1490 zar'ssvoz $ Gus‘trv'oz$ Sc6'st0'07 7 Tecose’st $ sac'var'et § sze'ecz'or S| oee‘ouv'ars essovez $||essover — $ | | Ess'ovez esvorez $|| essere $| ess'orez $ | aeerte5% $ —_wojsuag aug av'sas'e $||avz'sas'e —$ | | avz'ans'e i svc'ses'e || ere'sac'e§ $ | evc'sae'r $| sco'set’y $ wojsuad eonled coo'st —$ | |ooo'ost —$ | |oo0'ast— $ | foon'ost = $ |Joon'ast ~—$|_ano'ost $ | cose $ — wopesizey Tee'asr'er § Buc'Z90'eL § © wET'uES'TE «§ «CUSTTIB'ZT § cos'saa'zt $ czs‘ver'zt = $ | eve‘oss‘zt = $= utuodion $ coctsz $ vos'set § S$] croc AAT XW sto’eea $= st¥Z0S $ Treo 4S. oy we Ke wr #0 AATIXVLETOZ GOOMAVIN 40 35VTHAPROPERTY TAX LEVY COMPARISON Fund Name Levy Year 2015 Levy Year 2016 PERCENT Corporate $ 11,839,347 $ 12,194,527 3% Bonds & Interest 2,753,600 2,753,200 0% Police Pension 2,533,343 «4,013,846 «58% Fire Pension 2,428,188 2,601,079 ™% Recreation 82,500 82,500 0% Total Village Levy $ 19636978 $ 21,645,152 10% Levy Year2016 Levy Year2017_ PERCENT Corporate $ 12,194,527 $ 12,560,363 3% Bonds & Interest 2,753,200 2,754,800 0% Police Pension 4,013,846, 4,136,079 3% Fire Pension 2,601,079 2,691,888 3% Recreation 82,500 82,500 0% Total Vilage Levy $ 21,645,152 $ 22,225,230 3% Lewy Year2017 Levy Year 2018 PERCENT Corporate $ 12,560,363 $ 13,188,381 5% Bonds & Interest 2,754,400 2,752,000 0% Police Pension 4,136,079 3,988,248 % Fire Pension 2,691,888 2,940,553 9% Recreation 82,500 150,000 82% Total Village Levy $ 22,225,230 $ 23,019,182 4% State Equalization Factor 2009 33701 2010 3.3000 -2.08% 2011 2.9706 -9.98% 2012 2.8056 -5.55% 2013 2.6621 -5.11% 2014 27252 237% 2015 2.6685. -2.08% 2016 2.8032 5.04% 2017 29627 5.68% FINANCIAL CONCERNS Salary Increases Insurance Increases Machinery, Vehicle and Equipment Cost Fund Deficits Reductions Will need funds for Fred Hampton Aquatic Center Infrastructure -Local Share Cash Flow